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The world’s biggest sovereign wealth fund has warned Britain against watering down its listing rules to accommodate Saudi Aramco, describing such proposals as “a step back in terms of investor protection”.
In a letter to the Financial Conduct Authority, Norges Bank Investment Management, of Norway, threw its weight behind the growing investor revolt against proposals to create a new category of premium listing.
The category would be designed for companies controlled by sovereign nations and would dilute rules to protect minority shareholders. It is widely seen as a measure to enable the initial public offering of Saudi Aramco, the state-owned oil giant, which is seeking to list 5 per cent of its shares in an attempt to raise $100 billion.
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Saudi Aramco has shut down its crude oil refinery in Jeddah, which is considered one of the Kingdom’s oldest as it was established 50 years ago, converting the complex into a hub for oil products dis
Saudi Arabia: State oil giant Saudi Aramco has shut down its 90,000 barrel per day crude oil refinery in Jeddah indefinitely, industry sources familiar with the matter said on Sunday. Aramco had fo
Saudi Aramco has signed agreements worth around $4.5bn with several contractors for oil and gas mega projects.
The objective of the projects is to enhance the company’s energy sustainabili
Al Khazna said on Tuesday the matter regarding the share suspension of its publicly listed company on the Abu Dhabi Securities Exchange (ADX) was “a confidential matter” with the bourse.
Batelco Chairman Shaikh Mohamed bin Khalifa Al Khalifa and senior Batelco officials recently met with Guernsey government officials to discuss the company's unwavering commitment to Guernsey.
Dana Gas plans to appeal a UK court ruling on $700mn of its Islamic bonds, whose holders include Goldman Sachs Group Inc and BlackRock Inc.
The decision by the London court on Friday is “fla
Bank Muscat, the flagship financial services provider in the Sultanate, in partnership with the International Institute for Management Development (IMD) from Switzerland, one of the leading internati
Oman Daily Observer
Abu Dhabi National Oil Company (Adnoc) has embarked on a major shake-up plan to privatise its services businesses, venture into oil trading and expand partnerships with strategic investors, its chief